(1) Thirty days after the
anniversary of the date of the certificate of tax exemption and
each year for the tax exemption period, the owner of the
rehabilitated or newly constructed property shall file with a
designated authorized representative of the city an annual report
indicating the following:
(a) A statement of occupancy and vacancy of the
rehabilitated or newly constructed property during the twelve
months ending with the anniversary date;
(b) A certification by the owner that the property has not
changed use and, if applicable, that the property has been in
compliance with the affordable housing requirements as described
in RCW 84.14.020 since the date of the certificate approved by
the city;
(c) A description of changes or improvements constructed
after issuance of the certificate of tax exemption; and
(d) Any additional information requested by the city in
regards to the units receiving a tax exemption.
(2) All cities, which issue certificates of tax exemption
for multiunit housing that conform to the requirements of this
chapter, shall report annually by December 31st of each year,
beginning in 2007, to the department of community, trade, and
economic development. The report must include the following
information:
(a) The number of tax exemption certificates granted;
(b) The total number and type of units produced or to be
produced;
(c) The number and type of units produced or to be produced
meeting affordable housing requirements;
(d) The actual development cost of each unit produced;
(e) The total monthly rent or total sale amount of each unit
produced;
(f) The income of each renter household at the time of
initial occupancy and the income of each initial purchaser of
owner-occupied
units at the time of purchase for each of the units receiving a
tax exemption and a summary of these figures for the city; and
(g) The value of the tax exemption for each project
receiving a tax exemption and the total value of tax exemptions
granted.
[2007 c 430 § 10; 1995 c 375 § 13.]